Texas Statutes (Last Updated: January 4, 2014) |
TRANSPORTATION CODE |
Title 6. ROADWAYS |
Subtitle G. TURNPIKES AND TOLL PROJECTS |
Chapter 367. MUNICIPAL TOLL BRIDGES OVER RIO GRANDE |
Subchapter C. BONDS FOR REPAIR OR IMPROVEMENT OF TOLL BRIDGE |
Sec. 367.102. AUTHORITY TO ISSUE REVENUE BONDS
Latest version.
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The municipality may, in compliance with Subtitles A, C, D, and E, Title 9, Government Code, issue bonds payable from the net revenue derived from the operation of the bridge to:
(1) repair or improve the bridge;
(2) acquire an approach to the bridge; or
(3) construct a building to be used in connection with the bridge.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 25, eff. Sept. 1, 1999.